Transportation Stocks on the Move: (Nasdaq: $DUOT) (Nasdaq: $RVSN) (NYSE: $ASC)

 Watching Biotech & Life Science Stocks: (Nasdaq: $IXHL) (Nasdaq: $ATRA) (ASX: $CHM.AX)(Nasdaq: $IMRX)

 

Transportation Stocks on the Move: (Nasdaq: $DUOT) (Nasdaq: $RVSN) (NYSE: $ASC)

 

 

 

March 11, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces today’s roundup of stocks to watch in the Biotech and Transportation sectors.

 

Read this in full at https://www.investorideas.com/news/2024/main/03111Stocks.asp

 

The newest biotech companies focus on cancer treatments and medical cannabis and psychedelic medicine uses.

 

The latest transportation companies provide transportation include a tanker company and rail safety companies using AI (artificial intelligence) technology.

 

New Stocks Added to the Biotech Directories:

Incannex Healthcare Inc. (Nasdaq: IXHL) is a clinical stage pharmaceutical development company that is developing unique medicinal cannabis pharmaceutical products and psychedelic medicine therapies for the treatment of obstructive sleep apnoea (OSA), traumatic brain injury (TBI) and concussion, lung inflammation (ARDS, COPD, asthma, bronchitis), rheumatoid arthritis, inflammatory bowel disease, anxiety disorders, addiction disorders, and pain, among other indications.

 

Atara Biotherapeutics (Nasdaq: ATRA) is harnessing the natural power of the immune system to develop off-the-shelf cell therapies for difficult-to-treat cancers and autoimmune conditions that can be rapidly delivered to patients from inventory. With cutting-edge science and differentiated approach, Atara is the first company in the world to receive regulatory approval of an allogeneic T-cell immunotherapy. Our advanced and versatile T-cell platform does not require T-cell receptor or HLA gene editing and forms the basis of a diverse portfolio of investigational therapies that target EBV, the root cause of certain diseases, in addition to next-generation AlloCAR-Ts designed for best-in-class opportunities across a broad range of hematological malignancies and B-cell driven autoimmune diseases.

 

Chimeric Therapeutics (ASX: CHM) a clinical stage cell therapy company and an Australian leader in cell therapy, is focused on bringing the promise of cell therapy to life for more patients with cancer. We believe that cellular therapies have the promise to cure cancer, not just delay disease progression.

 

Immuneering Corporation (Nasdaq: IMRX) is a clinical-stage oncology company seeking to develop and commercialize universal-RAS/RAF medicines for broad populations of cancer patients with an initial aim to develop a universal-RAS therapy. The Company aims to achieve universal activity through deep cyclic inhibition of the MAPK pathway, impacting cancer cells while sparing healthy cells. Immuneering’s lead product candidate, IMM-1-104, is an oral, once-daily deep cyclic inhibitor currently in a Phase 1/2a study in patients with advanced solid tumors harboring RAS mutations. IMM-6-415 is an oral, twice-daily deep cyclic inhibitor and will be evaluated in a Phase 1/2a study in patients with advanced solid tumors harboring RAS or RAF mutations. The company’s development pipeline also includes several early-stage programs.

 

New Stocks Added to the Transportation Directories:

Ardmore Shipping (NYSE:ASC) owns and operates a fleet of MR product and chemical tankers ranging from 25,000 to 50,000 deadweight tonnes. Ardmore provides, through its modern, fuel-efficient fleet of mid-size tankers, seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies. Ardmore's core strategy is to continue to develop a modern, high-quality fleet of product and chemical tankers, build key long-term commercial relationships and maintain its cost advantage in assets, operations and overhead, while creating synergies and economies of scale as the company grows. Ardmore provides its services to customers through voyage charters and time charters, and enjoys close working relationships with key commercial and technical management partners. Ardmore's Energy Transition Plan ("ETP") focusses on three key areas: transition technologies, transition projects, and sustainable (non-fossil fuel) cargos. The ETP is an extension of Ardmore's strategy, building on its core strengths of tanker chartering, shipping operations, technical and operational fuel efficiency improvements, technical management, construction supervision, project management, investment analysis, and ship finance.

 

Duos Technologies Group (Nasdaq:DUOT) based in Jacksonville, Florida, through its wholly owned subsidiary, Duos Technologies, Inc., designs, develops, deploys and operates intelligent vision-based technology solutions using Machine Vision and Artificial Intelligence (“AI”) to analyze fast moving freight, passenger and transit trains and trucks streamlining operations, improving safety and reducing costs. The Company provides cutting edge solutions that automate the mechanical and security inspection of fast-moving trains, trucks and automobiles through a broad range of proprietary hardware, software, information technology and artificial intelligence.

 

Rail Vision Ltd. (Nasdaq: RVSN) is a technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed cutting-edge, artificial intelligence-based, industry-leading technology specifically designed for railways. The Company has developed its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the revolutionary concept of autonomous trains into a practical reality.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

Read the recent AI Transportation article at:

https://www.investorideas.com/news/2024/technology/03041AI-Stocks.asp

 

Read the recent Biotech/Oncology Article at:

https://www.investorideas.com/news/2024/biotech/03061Pancreatic-Cancer-Market-Stocks.asp

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for various sectors, including gaming, biotech, tech and sports. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

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Eyeing AI Tech Stocks: (Nasdaq: $KSCP) (NYSE: $PATH) (CBOE: $VHAI) (NYSE: $SYRA)

Eyeing AI Tech Stocks: (Nasdaq: $KSCP) (NYSE: $PATH) (CBOE: $VHAI) (NYSE: $SYRA)

 

Biotech Stock Additions: (Nasdaq: $TELO) (Nasdaq: $MGX) (Nasdaq: $IMUX) (Nasdaq: $VTYX)

 

 

 

 

March 4, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces today’s roundup of stocks to watch in the AI (artificial intelligence) Tech and Biotech sectors.

 

Read this in full at: https://www.investorideas.com/news/2024/main/03041Stocks.asp

 

The newest tech companies are all involved in various aspects of the Artificial Intelligence (AI)/Robotics sector with applications in public safety, RPA solutions for business, cloud computing and healthcare technology.

 

The latest biotech companies are involved in the treatment of age related disease, genetics medicines and autoimmune disease treatments.

 

New Stocks Added to the AI Tech Directories:

Knightscope, Inc. (Nasdaq: KSCP) builds cutting-edge technologies to improve public safety, and our long-term ambition is to make the United States of America the safest country in the world. We are Autonomous Security Robots (ASRs).  We use a unique combination of self-driving technology, robotics, artificial intelligence (A.I.) and electric "vehicles" to provide humans with extra eyes, ears and a voice on the ground. We can be in multiple locations at the same time, helping you protect the places people live, work, study and visit.

 

UiPath (NYSE:PATH) is on a mission to uplevel knowledge work so more people can work more creatively, collaboratively, and strategically. The AI-powered UiPath Business Automation Platform combines the leading robotic process automation (RPA) solution with a full suite of capabilities to understand, automate, and operate end-to-end processes, offering unprecedented time-to-value. For organizations that need to evolve to survive and thrive through increasingly changing times, UiPath is The Foundation of Innovation™.

 

Vocodia Holdings Corp (CBOE: VHAI) is an AI software company that build practical AI functions and makes them easily obtainable for businesses on cloud-based platform solutions at low costs and scalable to multiagent vast enterprise solutions. Vocodia is a conversational AI software developer and provider that offers scalable enterprise-level AI sales and customer service solutions which allow for AI sales representatives to reduce human labor costs and responsibilities while increasing the reach and efficacy of human-led, purposeful, agenda driven and conversational communications. Vocodia deliver its patent pending conversational AI software in the form of Digital Intelligent Sales Agents (the "DISAs"), which are built with AI software programmed to sound and feel human and to perform business tasks that require humans to converse with one another effectively, and thus to provide the best representation for each of its customers' businesses.

 

Syra Health Corp. (NASDAQ: SYRA) is a healthcare technology company addressing some of healthcare's most significant challenges in areas such as behavioral and mental health, digital health, and population health, by providing innovative services and technology solutions. Syra Health's products and services are centered on prevention, improved access, and affordable care. Syra Health supplies its solutions to payers, providers, life sciences organizations, academic institutions, and government. Syrenity transforms mental health care through personalized, proactive AI interventions, offering users customizable tools like assessments, cognitive therapy, and telehealth. This innovative blend of technology and compassionate support redefines the mental well-being journey.

 

New Stocks Added to the Biotech Directories:

Telomir Pharmaceuticals, Inc. (Nasdaq:TELO) is a pre-clinical-stage pharmaceutical company focused on the development and commercialization of Telomir-1 as the first novel small molecule to lengthen the DNA’s protective telomere caps in order to affect age reversal. Its goal is to develop and commercialize new treatment options for age-related inflammatory conditions, with hemochromatosis as its initial clinical focus, and to thereafter expand the development of Telomir-1 to post-chemotherapy recovery as well as a broader range of other age-related inflammatory diseases and conditions such as osteoarthritis.

 

Metagenomi, Inc. (Nasdaq:MGX) is a precision genetic medicines company committed to developing curative therapeutics for patients using its proprietary, comprehensive metagenomics-derived toolbox. Metagenomi is harnessing the power of metagenomics, the study of genetic material recovered from the natural environment, to unlock four billion years of microbial evolution to discover and develop a suite of novel editing tools capable of correcting any type of genetic mutation found anywhere in the genome. Its comprehensive genome editing toolbox includes programmable nucleases, base editors, and RNA and DNA-mediated integration systems (including prime editing systems and clustered regularly interspaced short palindromic repeat-associated transposases. Metagenomi believes its diverse and modular toolbox positions the company to access the entire genome and select the optimal tool to unlock the full potential of genome editing for patients.

 

Immunic, Inc. (Nasdaq: IMUX) is a biotechnology company developing a clinical pipeline of orally administered, small molecule therapies for chronic inflammatory and autoimmune diseases. The company's lead development program, vidofludimus calcium (IMU-838), is currently in phase 3 and phase 2 clinical trials for the treatment of relapsing and progressive multiple sclerosis, respectively, and has shown therapeutic activity in phase 2 clinical trials in patients suffering from relapsing-remitting multiple sclerosis, progressive multiple sclerosis and moderate-to-severe ulcerative colitis. Vidofludimus calcium combines neuroprotective effects, through its mechanism as a first-in-class nuclear receptor related 1 (Nurr1) activator, with additional anti-inflammatory and anti-viral effects, by selectively inhibiting the enzyme dihydroorotate dehydrogenase (DHODH). IMU-856, which targets the protein Sirtuin 6 (SIRT6), is intended to restore intestinal barrier function and regenerate bowel epithelium, which could potentially be applicable in numerous gastrointestinal diseases, such as celiac disease, for which it is currently in preparations for a phase 2 clinical trial. IMU-381, which currently is in preclinical testing, is a next generation molecule being developed to specifically address the needs of gastrointestinal diseases.

 

Ventyx Biosciences, Inc. (Nasadq:VTYX) is a clinical-stage biopharmaceutical company focused on developing innovative oral medicines for patients living with autoimmune and inflammatory disorders. We believe our ability to efficiently discover and develop differentiated drug candidates will allow us to address important unmet medical need with novel oral therapies that can shift immunology markets from injectable to oral drugs. Our current pipeline includes internally discovered clinical programs targeting TYK2, S1P1R and NLRP3, positioning us to become a leader in the development of oral immunology therapies. Ventyx is headquartered in San Diego, California.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for various sectors, including gaming, biotech, tech and sports. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

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AI Stocks – Another Application to Watch; (NASDAQ: $RVSN) (NASDAQ: $DUOT) (NYSE: $DELL) (NASDAQ: $INDI) @Rail_Vision @duostech @DellTech @RealityBigBang

AI Stocks – Another Application to Watch; (NASDAQ: $RVSN) (NASDAQ: $DUOT) (NYSE: $DELL) (NASDAQ: $INDI) @Rail_Vision @duostech @DellTech @RealityBigBang

 

Transforming the Future of Transportation Safety  

 

March  4, 2024 –Investorideas.com, a global news source and expert investing resource covering AI stocks issues a snapshot for the sector looking at transportation safety, featuring Rail Vision (Nasdaq: RVSN), a technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed cutting-edge, artificial intelligence-based, industry-leading technology specifically designed for railways.

 

Read this article, featuring RVSN in full at https://www.investorideas.com/news/2024/technology/03041AI-Stocks.asp

 

The Artificial Intelligence (AI) revolution is impacting all sectors, and transportation has not been left out.  Forbes notes. “AI is revolutionizing the transportation industry in many ways, and its impact on safety is significant. From automated vehicle inspection systems and intelligent traffic management systems to assisted driving and fleet integration, AI is making transportation safer and more efficient on a global scale.”

 

Focusing on railway safety, Rail Vision Ltd. (Nasdaq: RVSN) just announced that it is joining NVIDIA Metropolis, a partner program application framework and set of developer tools focused on bringing to market a new generation of vision AI applications. This signifies a significant step forward in Rail Vision’s commitment to advancing rail safety and efficiency through cutting-edge technologies.

NVIDIA Metropolis makes it easier and more cost-effective for enterprises, governments and integration partners to use world-class, AI-enabled technologies to improve critical operational efficiency and solve safety problems. The Metropolis ecosystem contains a large and growing breadth of members investing in advanced AI techniques and efficient deployment platforms and uses an enterprise-class approach to their solutions. Metropolis members can gain early access to NVIDIA platform updates to enhance their AI application development efforts. Additionally, the program offers the opportunity for members to collaborate with industry-leading experts and other AI-driven organizations.

By joining Metropolis, Rail Vision hopes to gain a significant advantage in developing and deploying AI-driven solutions that are tailored to the unique needs of the rail sector through the opportunity of leveraging NVIDIA’s extensive technological expertise and integrating its cutting-edge technology.

Rail Vision uses the NVIDIA Jetson and other NVIDIA edge AI platforms, which provide accelerated computing in compact and energy-efficient modules, and also uses the NVIDIA TensorRT software development kit for high-performance deep learning inference.

Rail Vision has developed its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the revolutionary concept of autonomous trains into a practical reality.

 

Evidencing the growing safety needs for railway, Josipa Petrunic, President and CEO of the Canadian Urban Transit Research & Innovation Consortium (CUTRIC), said in a recent interview with Electric Autonomy, “Climate, artificial intelligence, cybersecurity and the extreme need for moving people and freight by rail has never converged as it is converging now.”

 

“The need for rail is more extreme than ever,” continued Petrunic, “yet the potential for disaster is even higher. Fortunately, so has the potential for greater safety.”

 

He continued, “Imagine the possibilities of combining driverless technology and automation with AI layering on top of the climate piece and layering on top of risk aversion processes. We would be able to efficiently operate our systems, but also save lives.”

 

Another player in railway safety using AI, Duos Technologies Group, Inc (Nasdaq: DUOT), through its operating subsidiary Duos Technologies, Inc., a provider of Machine Vision and Artificial Intelligence (“AI”) to analyze fast moving freight, passenger and transit trains and trucks, recently announced the signing of an AI subscription agreement for AI detections, empowering the rail operator to enhance their current railcar inspection capabilities. Additionally, the agreement includes the renewal of their annual services and maintenance contract, which now encompasses expanded support through Duos' Preventative Maintenance Checks and Services (PMCS) Program and Field Services Support, aimed at further improving the performance of the rail network.

 

From the news: The renewal agreement includes an annual subscription for an array of AI algorithms requested by the client who uses the Duos patented Railcar Inspection Portal (RIP®) and AI to quickly and efficiently detect critical issues that could potentially lead to accidents or derailments. As part of the agreement, Duos will provide maintenance and technical services for their existing RIP®, offering comprehensive support that includes field services to address break/fix issues and onsite preventive maintenance checks and services, along with spare parts provision.

 

Advancing driver assisted technology, Subaru Corporation is teaming with Dell Technologies (NYSE: DELL) to help improve driver safety through the powerful combination of AI and high-performance storage. The collaboration is indicative of AI's profound impact on transforming one of the most common means of transportation, aiming to help make it safer for drivers, passengers and pedestrians.

 

"Subaru is driving massive innovation through data to give motorists an extra set of eyes and an extra foot on the brake while entrusting Dell Technologies to enable this journey as its AI development infrastructure," said Arthur Lewis, President, Infrastructure Solutions Group, Dell Technologies. "As an AI-ready data platform, Dell PowerScale storage allows companies like Subaru to integrate, analyze and use data to deliver impactful insights that advance human progress and transform industries."

 

From the news: Subaru can store, manage and use a vast amount of data to advance the development of its next-generation EyeSight Driver Assist Technology with the selection of Dell PowerScale network attached storage systems. Sold in more than 5.5-million EyeSight-equipped vehicles, today's EyeSight Driver Assist Technology monitors traffic movement, optimizes cruise control and warns drivers if they sway outside their lane. PowerScale meets the increased IT demand for AI modeling and validation while helping customers easily scale capacity and performance wherever their data resides.

 

SUBARU Lab, the AI development base for Subaru established in 2020, can store approximately 1,000 times more files on Dell PowerScale systems than with previous platforms. Subaru now can improve AI image analysis by easily accessing stored files on PowerScale systems deployed in data centers across the SUBARU Lab and Tokyo offices, which wasn't previously possible. The ability to scale and use data flexibly across locations has expanded the possibilities for business expansion.

 

"As a brand that has built its reputation on trust, we are constantly expanding AI development to increase the reliability in our vehicles while contributing to the greater good," said Takashi Kanai, Deputy Chief of SUBARU Lab and Manager of ADAS Development Department, PGM (Advanced Integrated System), Engineering Division. "While requirements for systems and storage are ever changing, we are confident that Dell PowerScale is up to the task as the underlying infrastructure for EyeSight Driver Assist Technology, allowing us to continue advancing our AI initiatives to improve driver safety."

 

From the news: EyeSight is the world's first system to use only stereo camera technology to provide driver assist features such as pre-collision braking, which detects not only cars but also pedestrians and motorcycles in the vehicle's path, as well as adaptive cruise control.

 

Also competing in the driver safety revolution, indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, and Ficosa, a leading global company dedicated to the research, development, production, and marketing of advanced vision, safety and efficiency solutions for the automotive industry, executed a collaboration agreement earlier this year to develop and commercialize automotive camera solutions deploying neural network-based (NN) artificial intelligence (AI) processing.

 

From the news: The partnership will leverage Ficosa’s near decade-long expertise as a high-volume vision solution supplier, and indie’s field-proven, proprietary vision processing technology to deliver breakthrough imaging and in-camera object detection performance, particularly for challenging edge sensing applications. The companies intend to sample the first smart camera solutions employing their combined technologies in 2024, and expect to ramp into volume production by 2025.

 

From the news: Government regulators and new car safety assessment programs (like US and Euro NCAP) are increasingly seeking to specify protection for vulnerable road users (VRU) such as pedestrians and cyclists, especially for back-up and eMirror scenarios. In fact, Euro NCAP has implemented VRU safety test protocol since 2020, and in the United States the National Highway Transportation Safety Administration (NHTSA) has this year proposed updates to NCAP to provide consumers with information about crashworthiness and pedestrian protection of new vehicles. As a result, Automakers are demanding volume scalable camera-based Advanced Driver Assistance System (ADAS) solutions that provide not just passive viewing capability, but also intelligent sensing to actively detect pedestrians. According to S&P Global, shipments of surround view and park assist camera electronic control units (ECUs) are projected to grow from 134 million units in 2023 to 240 million units by 2033.

 

AI is revolutionizing the way we think about transportation; from railways to road and even to flight. According to a recent article, “With advanced predictive maintenance capabilities, AI can identify potential maintenance issues and address them proactively, ensuring safer flights and boosting passenger confidence. Furthermore, AI can automate routine operations, leading to the development of autonomous aircraft.”

 

So, for the transportation sector using AI, and investors willing to take the wild ride along with it, the sky is literally the limit! 

 

Research more AI stocks with Investorideas.com free stock directory

https://www.investorideas.com/TSS/Stock_List.asp#Robotics

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure: This article featuring. Rail Vision is part of Investorideas.com paid for article content creation .Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

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Leveraging artificial intelligence for vision applications and technologies market expected to reach 45 billion by 2028: @FNMgroup

Leveraging artificial intelligence for vision applications and technologies market expected to reach 45 billion by 2028: @FNMgroup

 

Palm Beach, FL – March 1, 2024 – FN Media Group News Commentary –  Artificial Intelligence (AI) technology is growing in numerous markets especially in vision enabled technologies. AI computer vision has numerous emerging applications in several fields, including agriculture, logistics, and manufacturing, which can significantly benefit from the application of this technology. Advancements in deep learning algorithms increased data availability, faster and cheaper computing power, and advancements in hardware technology like GPU and TPU are the driving factors of the AI in computer vision industry. Moreover, the market players are expected to benefit from the government’s initiatives aimed at supporting industrial automation and integrating AI into edge devices, creating profitable opportunities for them.  A report from MarketsAndMarkets projected that the global AI in Computer Vision Market Size which was valued at USD 17.2 Billion in 2023 is projected to reach USD 45.7 Billion by 2028; it is expected to grow at a CAGR of 21.5% through 2028.  The report said: “Increasing demand for automation and efficiency is one of the key drivers for the AI in the computer vision market growth. Automation and efficiency can help businesses save time and resources and improve the accuracy of decision-making processes. This is why many industries are now implementing AI computer vision technologies to automate their processes and enhance efficiency.” Active Tech Companies in today’s markets include:  Rail Vision Ltd. (NASDAQ: RVSN), C3.ai, Inc.  (NYSE: AI), SoundHound AI, Inc. (NASDAQ: SOUN), Microsoft Corporation (NASDAQ: MSFT), Okta, Inc. (NASDAQ: OKTA).

 

MarketsAndMarkets continued: “AI in computer vision for the software segment is predicted to attain the highest market share during the forecast period. The market for AI platforms has been growing rapidly in recent years, driven by increasing demand for advanced technologies and the growing use of AI in a wide range of industries. Factors driving this growth include the increasing adoption of AI in healthcare, finance, and retail industries, as well as the growing use of AI in emerging technologies such as the Internet of Things (IoT) and edge computing. Additionally, the increasing availability of data, improvements in computing power, and advancements in machine learning algorithms have also contributed to the growth of the AI platform market.  AI in computer vision for the software segment is predicted to attain the highest market share during the forecast period. The market for AI platforms has been growing rapidly in recent years, driven by increasing demand for advanced technologies and the growing use of AI in a wide range of industries. Factors driving this growth include the increasing adoption of AI in healthcare, finance, and retail industries, as well as the growing use of AI in emerging technologies such as the Internet of Things (IoT) and edge computing. Additionally, the increasing availability of data, improvements in computing power, and advancements in machine learning algorithms have also contributed to the growth of the AI platform market.”

 

Rail Vision Ltd. (NASDAQ: RVSN) Joins NVIDIA Metropolis to Boost Railway Safety Systems – Rail Vision uses the NVIDIA Jetson and other NVIDIA edge AI platforms in its advanced railway safety systems – Rail Vision Ltd. (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announces that it is joining NVIDIA Metropolis, a partner program, application framework, and set of developer tools focused on bringing to market a new generation of vision AI applications. This signifies a significant step forward in Rail Vision’s commitment to advancing rail safety and efficiency through cutting-edge technologies.

 

NVIDIA Metropolis makes it easier and more cost-effective for enterprises, governments, and integration partners to use world-class, AI-enabled technologies to improve critical operational efficiency and solve safety problems. The Metropolis ecosystem contains a large and growing breadth of members investing in advanced AI techniques and efficient deployment platforms and uses an enterprise-class approach to their solutions. Metropolis members can gain early access to NVIDIA platform updates to enhance their AI application development efforts. Additionally, the program offers the opportunity for members to collaborate with industry-leading experts and other AI-driven organizations.

 

By joining Metropolis, Rail Vision hopes to gain a significant advantage in developing and deploying AI-driven solutions that are tailored to the unique needs of the rail sector through the opportunity of leveraging NVIDIA’s extensive technological expertise and integrating its cutting-edge technology.

 

Rail Vision uses the NVIDIA Jetson and other NVIDIA edge AI platforms, which provide accelerated computing in compact and energy-efficient modules, and also uses the NVIDIA TensorRT software development kit for high-performance deep learning inference.   CONTINUED… Read the full Press Release for Rail Vision at:  https://ir.railvision.io/news-events/press-releases

 

In other active tech company developments in the tech market include: 

 

C3.ai, Inc.  (NYSE: AI), the Enterprise AI application software company, recently announced financial results for its fiscal third quarter ended January 31, 2024.  “We had a great quarter. Total revenue of $78.4 million grew 18% year-over-year, exceeding our guidance range. Customer engagement grew 80% year-over-year,” said C3 AI CEO and Chairman Thomas M. Siebel. “Our significant first mover advantage in Enterprise AI is generating tailwinds as market interest in adopting AI accelerates.”

 

Fiscal Third Quarter 2024 Financial Highlights Were:  Revenue: Total revenue for the quarter was $78.4 million, an increase of 18% compared to $66.7 million one year ago; Subscription Revenue: Subscription revenue for the quarter was $70.4 million, constituting 90% of total revenue, an increase of 23% compared to $57.0 million one year ago; Gross Profit: GAAP gross profit for the quarter was $45.3 million, representing a 58% gross margin. Non-GAAP gross profit for the quarter was $54.7 million, representing a 70% non-GAAP gross margin; Net Loss per Share: GAAP net loss per share was $(0.60). Non-GAAP net loss per share was $(0.13).  Cash Reserves: $723.3 million in cash, cash equivalents, and marketable securities; and Customer Engagement: Customer Engagement for the quarter was 445, an increase of 80% compared to 247 one year ago.

 

SoundHound AI, Inc. (NASDAQ: SOUN), a global leader in voice artificial intelligence, recently announced that its voice assistant with integrated ChatGPT will be the first to go into full production with an international automaker. SoundHound Chat AI for Automotive was the first generative AI-enabled in-vehicle voice assistant on the market in April 2023, and will be available in Stellantis DS Automobiles starting next month, less than a year later.

 

Following a successful pilot with DS vehicles in the UK, Spain, France, Germany, and Italy, the automaker will now make its SoundHound Chat AI-powered assistant, Iris, available in thirteen languages across eighteen countries. The most sophisticated assistant available today, Iris can respond to a vast range of questions from hundreds of real-time domains, as well as large language models like ChatGPT.

 

A recent story by Reuters said Microsoft Corporation (NASDAQ: MSFT) previewed an artificial intelligence tool for customers’ finance departments, part of a strategy tailoring new software to industries, professionals and ultimately individuals. The company said its tool, called Microsoft Copilot for Finance, helps users review data sets for risks, produce reports from raw numbers, and generally handle tasks they might otherwise outsource. It did not announce pricing or a date for wider availability.

 

The new AI tool follows similar ones Microsoft has marketed for salespeople and customer-service representatives.  Those typically cost $20 per user per month, on top of the subscription fees for software necessary to use these tools, such as its $30 Copilot for Microsoft 365. Emily He, a corporate vice president, told reporters that Microsoft may tailor future Copilots for marketing and supply-chain work.

 

Okta, Inc. (NASDAQ: OKTA), the leading independent identity partner, recently announced three new executive appointments on its go to market team as customers embrace the increasing importance of Identity. Eric Kelleher has been promoted to President, Customer Experience & Communications, Ed Daly has been promoted to Chief Customer Officer (CCO), and Christine Halvorsen has joined Okta as the company’s first Chief Technology Officer (CTO) for Public Sector.

 

These appointments highlight Okta’s commitment to investing in its go to market leadership and unlocking new growth through stronger engagement with new and existing customers. They follow the recent appointments of Jon Addison as Chief Revenue Officer and Kerry Ok as Chief Marketing Officer.

 

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